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PRIME LIVING COVERGROW
FROM R99 PM

Growing Cover for your life in the event of:

Unexpected death through:
  • Permanent disability
  • Upon diagnosis of a terminal illness

  • Accident
  • Plans up to R5 MILLION available
  • Family Plans also available
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PRIME LIVINGLEGACY
FROM R95 PM

Looks after your loved ones in the event of:

Death through:
  • Accident
  • Illness
  • Disease
Optional Benefits include:
  • Retrenchment Protection
  • Extended Family Protection
  • Honourable Unveiling Benefit

FAQ and general facts about PLCG

WHY IS LIFE INSURANCE SO IMPORTANT


LOOKING TO BUY LIFE INSURANCE?

For some, it's worth taking independent professional advice before buying life insurance. However, many people know what they want and would rather buy direct. If you feel you need advice, make sure you consult an independent financial advisor before making any commitments.

Alternatively, you can trawl through life insurance price comparison sites, quotation and cashbacks sites to find the best deal, but it can take a long time and may become awfully confusing. You may find shopping for cheap life insurance simpler by going direct and speaking with a tele-agent who can quickly provide you with a full product explanation and pricing in just one call.


BUYING LIFE INSURANCE DIRECT CAN POTENTIALLY SAVE YOU MONEY

Too often, we're sold insurance products with significant broker commissions and high costs. Buying life insurance direct by comparison, can be considerably cheaper.

For individuals looking for cheap life insurance, heavy upfront broker commissions and medical examination costs can play a role in limiting choice. Fortunately, there are several viable cheap life insurance alternatives.


3 SIMPLE THINGS TO REMEMBER WHEN PURCHASING LIFE INSURANCE

1. When should you buy life insurance? The sooner the better!

Traditional life insurers evaluate each applicant by using a process called “risk profiling”. Things like your state of health and whether you are a smoker or not play a role. However, a key determinant in the premium you are quoted is your age. The sooner you purchase life insurance the lower your premium.

2. What information do you need to provide? The more information the better!

Be sure to fully declare all aspects of your current state of health and medical history. If you wilfully withhold important medical information, it can lead to the rejection of a claim at a future date. When it comes to life insurance, honesty is always the best policy.

3. How much life insurance cover do you need?

The rule of thumb is 10 times your annual income, plus the total of all your debts (credit cards, personal loans, mortgage, car loans etc.), plus an estimate for final expenses that will have to be paid upon your death.

In most circumstances, this amount of life insurance should provide handsomely for your dependants to live on for some time into the future, so long as it is not wastefully spent.


CHEAP LIFE INSURANCE AVAILABLE NOW

Certain health conditions can make life insurance very expensive or possibly even unavailable. If you have a pre-existing health condition, you have what's known in the industry as an "impaired" or “sub-standard” life. This means that you will pay considerably more than the average person who is in good health.

However, certain insurance businesses like Prime Meridian Direct (“PMD”) (www.primemeridian.co.za) have innovated next generation life insurance products that are extremely affordable and can assist in overcoming these limitations and financial barriers.

For example, with PMD’s Living CoverGROW product, your age doesn’t count against you. You enjoy standardised rates that remain fixed throughout the duration of the policy – unheard of in the industry! Moreover, your pre-existing conditions will not count against you and you’re fully covered after just 36 months. Should you unfortunately succumb to a pre-existing health condition during that waiting period, all your premiums will be returned. In short, you simply cannot lose with a PMD Living CoverGROW policy.

Shopping for cheap life insurance cover is easy. You can shop and compare quotes online all day if you like, or you can go directly to organisations like PMD and buy direct.